Beyond USDT/BTC/ETH, the P2P landscape thins out fast. A few exchanges run niche altcoin P2P; most Indians buy alts via USDT spot. Here's the practical picture.
BNB
Binance offers BNB/INR P2P with 20-60 active merchants. Spreads 1.5-3%. Useful only if you specifically need BNB and want to skip Binance's spot tax.
SOL
Almost no direct SOL/INR P2P in India. Standard flow: USDT P2P + spot SOL/USDT.
Other alts
Direct INR P2P is essentially zero. Anyone wanting MATIC, AVAX, ADA, DOT etc. uses USDT P2P + spot.
Why
Each P2P pair needs a merchant pool. Merchants choose pairs by expected volume. Beyond USDT/BTC/ETH/BNB, the volume doesn't justify a merchant's float commitment.
Key takeaways
- BNB/INR P2P exists on Binance with thin spreads.
- SOL/INR and other altcoins essentially go through USDT spot.
- Standard flow: USDT P2P → spot to alt.
- Direct altcoin P2P doesn't scale because merchant float is finite.
